Retail - Other Food Stores | Retail - Other Eating & Drinking Places

Asking Price	$295,000	Inventory	$3000**
Gross Income	$326,000	Real Estate
Cash Flow	Not Disclosed	Year Established	1998
FF&E	$150,000*	Employees	5

* included in the asking price

** not included in the asking price

This franchise is located at Harborplace Mall, in the heart of Baltimore s Inner Harbor, and within walking distance of the best of Baltimore s many tourist attractions. This particular franchise provides customers with snack foods and drinks. The products are the perfect snack foods that are as satisfying as a meal for the travelers, visitors and the environment. THE MARKET Today, Baltimore's Inner Harbor is one of the most photographed and visited areas of the city. It has been one of the major seaports in the United States since the 1700 s and started blossoming into the cultural center of Baltimore in the 1970s. Distinct in function and form, locals and visitors alike enjoy Baltimore's Inner Harbor and the surrounding neighborhoods that offer a variety of fine dining, cultural experiences and exciting nightlife. OPERATIONS There is a manager who has been on staff for 13 years, at an annual salary of $30,000. There are two shift leaders making about $8 hourly and two to three crewmembers at $7 to $7.50 per hour. A new owner-operator or an operator who doesn t have other business obligations can further reduce the food costs, which are already low, to achieve a higher bottom line. HOURS OF OPERATION The store is open 10 a.m. - 8 p.m. Monday through Saturday, and 10 a.m. - 6 p.m. on Sunday.

Facilities: This business occupies 540 square feet and is easily manageable. A long-term lease of ten years will be offered to new buyer. Currently, the rent is $5,300 (inclusive of CAM, RE taxes, utilities and most facility expenses).

Competition: There is not another business of this kind located at Harborplace Mall.

Growth/Expansion: The business has a history of reaching an annual gross revenue of over $400,000. New owner can potentially increase income by setting up a satellite location in a different location from the store. This is a franchise organization with a commitment to exceeding their customers' expectations. The franchise brand has built its business on the quality of its products and strong support for its franchisees, nurturing relationships for the long-term growth of the franchise system. That approach continues to drive its growth.

Financing: Broker will assist wtih SBA financing

Support/Training: Franchisor will provide comprehensive training.

Reason Selling: Owner has plans to pursue joint ventures with others.